BLOCK CITY CHICAGO REPORTS on Commercial Corridor Revitalization

BLOCK CITY CHICAGO REPORTS

HYDE PARK, WOODLAWN, SOUTH SHORE

Some Landlords Keep Their Storefronts Empty For Years — And Get Tax Breaks For It. Business Leaders Want To Change That

Small business advocates want to limit the tax breaks property owners can get on vacant storefronts. On 79th Street, three in five storefronts were vacant as of last year.

7:36 AM CDT on Oct 4, 2021

Quotes:

“We’re sounding the alarm on some of these land-bankers and foreign investors that are taking advantage of marginalized communities,” Tonya Trice of the South Shore Chamber of Commerce said.
“We have been doing this already without funding for a couple years,” said Diane Burnham, executive director of the South East Chicago Commission. “Having a coalition and a united voice has kept us going.”
“We believe this [ordinance] should be passed as expeditiously as possible,” council co-founder Elliot Richardson said. “It’s crucial to revitalize commercial corridors now — especially coming out of this pandemic — to create jobs in struggling communities.

READ THE FULL ARTICLE HERE

Insights Archive

PNC Bank – Insights

By Nic | November 15, 2024

Insights from PNC Bank We all need more “Insight” into what makes a business successful and how to get there. We are proud to highlight our partner, PNC Bank, and their professional insight into achieving financial success. Follow this link to view all of PNC Bank’s Insights or view snippets of the three most relevant…

Byline Bank – Insights

By growthzone | November 11, 2024

Byline Bank’s Insights We all need more “Insight” into what makes a business successful and how to get there. We are proud to highlight our partner, Byline Bank, and their professional insight into achieving financial success. Follow this link to view all of Byline Bank’s Insights or view snippets of the three most relevant and…

Chicago Small Business Package: Eliminate Barriers & Streamline Processes

By growthzone | November 6, 2024

SBAC INSIGHTS PAGE Find and Contact Your Elected Officials HERE! Fact Sheets & Resources Expand Download Quick Fact Sheet Download PDF Fact Sheet in Spanish Fact Sheet in Polish Fact Sheet in Arabic Fact Sheet in Chinese Fact Sheet in Vietnamese Endorsed By: Alderman Anthony Beale Alderman Felix Cardona Alderman Peter Chico Alderman Angela Clay…